Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Calculations for basic and diluted earnings per common share

Presented below are the calculations for basic and diluted earnings per common share:

	Three Months Ended March 31,
(In Thousands, except per share data)	2021		2020
Net income	$	94,301	$	45,838
Preferred stock dividends	(5,207)		(3,801)
Net income available to common equity	$	89,094	$	42,037
Common shareholder dividends	(27,661)		(28,264)
Unvested share-based payment awards	(209)		(128)
Undistributed earnings	$	61,224	$	13,645
Undistributed earnings allocated to common shareholders	$	60,836	$	13,555
Undistributed earnings allocated to unvested share-based payment awards	387		90
Undistributed earnings	$	61,224	$	13,645
Basic
Distributed earnings to common shareholders	$	27,661	$	28,264
Undistributed earnings allocated to common shareholders	60,836		13,555
Total common shareholders earnings, basic	$	88,497	$	41,819
Diluted
Distributed earnings to common shareholders	$	27,661	$	28,264
Undistributed earnings allocated to common shareholders	60,836		13,555
Total common shareholders earnings, diluted	$	88,497	$	41,819
Weighted average common shares outstanding	152,355		154,701
Effect of dilutive common stock awards	1,333		918
Diluted weighted average common shares outstanding	153,688		155,619
Basic earnings per common share	$	0.58	$	0.27
Diluted earnings per common share	$	0.58	$	0.27